REG - Reach PLC - Capital Reduction becomes effective

ReachAnnouncement

21/12/2023 13:30

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RNS Number : 6511X  Reach PLC  21 December 2023

 

21 December 2023

 

Reach plc

("the Company")

Capital Reduction becomes effective

The Company is pleased to announce that, pursuant to an order issued by the
High Court of Justice in England and Wales (the Court) for the cancellation of
the amount standing to the credit of the Company's share premium account (the
Capital Reduction) on 15 December 2023, the order of the Court confirming the
Capital Reduction, and a statement of capital approved by the Court, were duly
registered by the Registrar of Companies. Accordingly, the Capital Reduction
has now become effective.

Details of the Capital Reduction were set out in the Circular containing
notice of General Meeting published by the Company on 20 October 2023, and the
Capital Reduction was approved by shareholders of the Company at a general
meeting of the Company on 15 November 2023. The Capital Reduction does not
involve any distribution or payment of capital by the Company.

 Enquiries
 Reach plc
 Jim Mullen, Chief Executive Officer                                         020 7293 3000

 Lorraine Clover, Company Secretary

 Teneo
 David Allchurch / Giles Kernick                                             020 7353 4200

 LEI: 213800GNI5XF3XOATR61

 Classification: 3.1. Additional regulated information required to be
 disclosed under the laws of the United Kingdom

 

 

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